The UAE has issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). This means businesses will be subject to UAE Corporate Tax (“Corporate Tax”) from the beginning of their first financial year which starts on or after June 1, 2023.
Click here to access the English translation of the law for your reference.
UAE Corporate Law on Taxation of Corporations and Businesses Announced
